365 Retail Markets will be honored at an awards ceremony during the tenth annual Michigan Celebrates Small Business event on May 6, 2014 in East Lansing, Mich.

365 Retail Markets is an industry leader for micro market technology, providing the hardware, software and support needed for their operators to successfully manage their micro markets. Over the past three years, 365 has reported rapid growth – increasing its market share, creating over 50 Michigan jobs and eclipsing $10 million in annual revenue for 2013, according to the release.

“We are proud to be a Michigan-based company,” said Joe Hessling, founder and CEO of 365 Retail Markets, in a prepared statement. “Small businesses like 365 and the other awardees are what will continue to grow the Michigan economy and provide jobs for Michigan workers.”

Companies making it into the “Michigan 50 Companies to Watch” list are a remarkable group of second-stage companies defined as having 6 to 99 full-time-equivalent employees and generating $750,000 to $50 million in annual revenue, working capital from investors or grants. These companies form the backbone of Michigan’s economy, representing all regions of the state and a diverse range of industries, according to the release. Companies like 365 Retail Markets are known for their exceptional entrepreneurial leadership, innovation and sustainable competitive advantage.

Winners were selected by Michigan-based judges from the banking, economic development, entrepreneurship development and venture capital communities.